Income Producing 4 Unit Multifamily - 1656 Stevens Street
Multifamily | Stabilized | Renovated | 4 Units
Marketing description
Rare 100% occupied fourplex investment opportunity in Las Vegas with strong rental appeal and a functional, income-producing setup. Each of the four units features a desirable 2-bedroom, 1-bath floor plan with approximately 799 square feet per unit, creating a total of 8 bedrooms, 4 bathrooms, and 3,196 square feet of multifamily living space. This property offers the kind of consistency investors look for, with all units currently occupied and professional property management already in place. Beyond the apartment units, the property includes four separate storage rooms, an onsite laundry room, a central courtyard, and five parking spaces, giving tenants added convenience while creating a more complete rental experience. The property has also benefited from meaningful improvements, including a newer roof installed in 2022, newer exterior paint, and semi-renovated interiors across all units. Bathrooms and kitchens have been updated, helping improve tenant appeal and long-term functionality. For investors seeking a stabilized Las Vegas multifamily property, this fourplex delivers immediate occupancy, practical upgrades, and operational simplicity. Amazing property to add to your portfolio!
Investment highlights
- 100% occupied fourplex with strong rental appeal
- Four 2-bedroom, 1-bath units with approximately 799 square feet per unit
- Total of 8 bedrooms, 4 bathrooms, and 3,196 square feet of multifamily living space
- Professional property management already in place
- Four separate storage rooms, onsite laundry room, and central courtyard
- Five parking spaces for tenant convenience
- Newer roof installed in 2022
- Newer exterior paint and semi-renovated interiors across all units
- Updated bathrooms and kitchens
- Pro Forma NOI of $43,428 with 6.58% cap rate
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